8 Jun 2015
Chinese exports bottoming out? – BBH
FXStreet (Barcelona) - The Brown Brothers Harriman team argue that the recent trade data from China suggests exports from the country might be bottoming out.
Key Quotes
“China is the world's largest exporter. Yet with the exception of the distortions caused by the timing of the Lunar New Year holiday, China's exports have been falling on a year-over-year basis each month this year (save for February). Earlier today it reported exports in May were 2.5% lower than a year ago.”
“It does look like Chinese exports are bottoming out. Export volumes appear to have risen in May, but competitive price cuts lowered the value of its foreign shipments.”
Key Quotes
“China is the world's largest exporter. Yet with the exception of the distortions caused by the timing of the Lunar New Year holiday, China's exports have been falling on a year-over-year basis each month this year (save for February). Earlier today it reported exports in May were 2.5% lower than a year ago.”
“It does look like Chinese exports are bottoming out. Export volumes appear to have risen in May, but competitive price cuts lowered the value of its foreign shipments.”